The DAO Hack Explained: Unfortunate Take-off of Smart Contracts

Logo of the DAO

Smart contracts brought distributed autonomous organizations, aka “DAO”s, to our life. A DAO is another computer code through which a set of smart contracts are connected together and function as a governance mechanism.

In this story I will explore the most famous DAO project, the DAO, and its effects on the smart contract environment. While reading the…

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